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Ministry of Commerce & Industry
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India’s Foreign Trade: July2020
India’s overall exports  in April-July2020-21are estimated to be USD 141.82 billion, exhibiting a negative growth of 21.99per cent over the same period last year. Overall imports in April-July 2020-21are estimated to be USD 127.76billion, exhibiting a negative growth of  40.66per cent over the same period last year.Note: i) The latest data for services sector released by RBI is for June 2020. The data for July 2020 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.
I. MERCHANDISE TRADE
EXPORTS 
- Exports inJuly2020 were USD23.64 billion, as compared to USD26.33 billion in July 2019, exhibiting a negative growth of  10.21 per cent. In Rupee terms, exports were Rs. 1,77,305.79 crore in July2020, as compared to Rs. 1,81,190.34 crore in July2019, registering a negative growth of  2.14 per cent.
- Major commodities which have recorded positive growth during July 2020 vis-à-vis July 2019 are Other cereals , Rice , Iron ore , Oil seeds , Oil meals , Meat, dairy & poultry products , Fruits & vegetables , Drugs & pharmaceuticals , Coffee , Cereal preparations & miscellaneous processed items , Ceramic products & glassware , Engineering goods , Cotton yarn/fabs./made-ups, handloom products etc. , Jute mfg. including floor covering , Plastic & Linoleum  and Carpet .
- Major commodities which have recorded negative growth during July 2020 vis-à-vis July 2019 Petroleum products , Gems & jewellery , Leather & leather products , Man-made yarn/fabs./made-ups etc. , RMG of all textiles , Cashew , Marine products , Tobacco , Electronic goods , Spices , Mica, Coal & other ores, minerals including processed minerals , Handicrafts excl. hand made carpet , Tea  and Organic & Inorganic Chemicals .
- Cumulative value of exports for the period April-July 2020-21 was USD74.96 billion  as against USD107.41 billion  during the period April-July 2019-20, registering a negative growth of  30.21 per cent in Dollar terms  24.00per cent in Rupee terms).
- Non-petroleum and Non-Gems and Jewellery exports in July 2020 were USD20.37 billion, as compared to USD19.70 billion in July2019, registering a positive growth of 3.40 per cent. Non-petroleum and Non-Gems and Jewellery exports in April-July 2020-21 were USD64.29billion, as compared to USD79.81 billion for the corresponding period in 2019-20, which is a decrease of  19.45 per cent.
IMPORTS
- Imports in July2020 were USD28.47 billion , which is a decline of  28.40 per cent lower in Dollar terms and  21.96 per cent in Rupee terms over imports of USD39.76 billion  in July2019. Cumulative value of imports for the period April-July 2020-21 was USD88.91 billion , as against USD166.80 billion  during the period April-July 2019-20, registering a negativegrowth of  46.70 per cent in Dollar terms and a negative growth of 41.94 per cent in Rupee terms.
- Major commodity groups of import showing negative growth in July2020 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
- Oil imports inJuly2020 were USD6.53billion , which was 31.97 percentlower in Dollar terms , compared to USD9.60 billion  in July2019. Oil imports inApril-July 2020-21 were USD19.61billion  which was 55.88per cent lower in Dollar terms  compared to USD44.45billion , over the sameperiod last year.
- In this connection it is mentioned that the global Brent price  has decreased by 33.11% in July2020 vis-à-vis July2019 as per data available from World Bank.
- Non-oil imports inJuly2020 were estimated at USD21.94billion  which was 27.26per cent lower in Dollar terms , compared to USD30.16billion  in July2019. Non-oil imports inApril-July 2020-21 were USD69.30billion  which was 43.36per cent lower in Dollar terms , compared to USD122.35billion  in April-July2019-20.
- Non-Oil and Non-Gold imports wereUSD20.15billion in July2020, recording a negative growth of  29.15per cent, as compared to Non-Oil and Non-Gold importsof USD 28.45billion in July2019. Non-Oil and Non-Gold imports wereUSD66.82billion in April-July 2020-21, recording a negative growth of  38.80per cent, as compared to Non-Oil and Non-Gold importsUSD 109.19billion in April-July 2019-20.
II. TRADE IN SERVICES
EXPORTS 
- As per the latest press release by RBI dated 14thAugust 2020, exports in June2020 were USD 17.00 billion  registering a negative growth of  8.39 per cent in dollar terms, vis-à-vis June2019. The estimated value of services export for July2020is USD 16.65 billion.
IMPORTS 
- As per the latest press release by RBI dated 14th August,2020 imports in June 2020 were USD 9.96 billion  registering a negative growth of  15.29per cent in dollar terms, vis-à-vis June2019. The estimated value of service import for July2020is USD 9.65 billion.
III.TRADE BALANCE
- MERCHANDISE: The trade deficit for July2020 was estimated at USD4.83billion as against the deficit of USD13.43billion inJuly2019, which is a decline of  64.06 percent.
- SERVICES: As per RBI’s Press Release dated 14th August, 2020 the trade balance in Services  for June 2020 is USD7.04 billion. The estimated trade balance in July 2020is USD 6.99 billion.
- OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-July 2020-21is estimated at USD14.06 billion as compared to the deficit of USD33.50billion in April-July 2019-20.Note: The latest data for services sector released by RBI is for June2020. The data for July2020 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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JULY
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APRIL-JULY
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EXPORTS
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2019-20
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26.33
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107.41
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2020-21
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23.64
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74.96
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%Growth 2020-21/ 2019-20
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-10.21
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-30.21
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IMPORTS
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2019-20
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39.76
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166.80
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2020-21
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28.47
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88.91
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%Growth 2020-21/ 2019-20
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-28.40
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-46.70
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TRADE BALANCE
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2019-20
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-13.43
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-59.39
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2020-21
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-4.83
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-13.95
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EXPORTS &IMPORTS: 
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JULY
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APRIL-JULY
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EXPORTS
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2019-20
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1,81,190.34
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7,45,174.85
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2020-21
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1,77,305.79
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5,66,322.06
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%Growth 2020-21/ 2019-20
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-2.14
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-24.00
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IMPORTS
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2019-20
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2,73,579.71
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11,57,232.64
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2020-21
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2,13,499.56
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6,71,894.74
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%Growth 2020-21/ 2019-20
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-21.96
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-41.94
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TRADE BALANCE
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2019-20
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-92,389.37
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-4,12,057.79
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2020-21
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-36,193.77
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-1,05,572.68
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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June 2020
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April-June 2020-21
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EXPORTS 
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17.00
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50.21
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IMPORTS 
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9.96
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29.20
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TRADE BALANCE
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7.04
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21.01
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EXPORTS & IMPORTS : 
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June 2020
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April-June 2020-21
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EXPORTS 
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1,28,697.70
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3,80,958.13
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IMPORTS 
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75,423.89
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2,21,522.27
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TRADE BALANCE
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53,273.80
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1,59,435.86
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Source: RBI Press Release dated 14th August2020
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Click here to see Quick Estimates for Selected Major Commodities for July 2020